GraniteShares ETF Financial Statements From 2010 to 2026
| AAPB Etf | USD 30.93 0.92 2.89% |
Check GraniteShares ETF financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among GraniteShares ETF's main balance sheet or income statement drivers, such as , as well as many indicators such as . GraniteShares financial statements analysis is a perfect complement when working with GraniteShares ETF Valuation or Volatility modules.
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GraniteShares ETF Trust ETF Beta Analysis
GraniteShares ETF's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current GraniteShares ETF Beta | 1.88 |
Most of GraniteShares ETF's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, GraniteShares ETF Trust is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
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In accordance with the recently published financial statements, GraniteShares ETF Trust has a Beta of 1.88. This is much higher than that of the family and significantly higher than that of the Trading--Leveraged Equity category. The beta for all United States etfs is notably lower than that of the firm.
About GraniteShares ETF Financial Statements
GraniteShares ETF stakeholders use historical fundamental indicators, such as GraniteShares ETF's revenue or net income, to determine how well the company is positioned to perform in the future. Although GraniteShares ETF investors may analyze each financial statement separately, they are all interrelated. For example, changes in GraniteShares ETF's assets and liabilities are reflected in the revenues and expenses on GraniteShares ETF's income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in GraniteShares ETF Trust. Please read more on our technical analysis and fundamental analysis pages.
GraniteShares ETF Trust - GraniteShares 2x Long Tilray Daily ETF is an exchange traded fund launched by GraniteShares Inc. GraniteShares 175x is traded on NASDAQ Exchange in the United States.
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.| JBL | Jabil Circuit | |
| MRK | Merck Company | |
| AMGN | Amgen Inc |
Check out the analysis of GraniteShares ETF Correlation against competitors. For information on how to trade GraniteShares Etf refer to our How to Trade GraniteShares Etf guide.You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
The market value of GraniteShares ETF Trust is measured differently than its book value, which is the value of GraniteShares that is recorded on the company's balance sheet. Investors also form their own opinion of GraniteShares ETF's value that differs from its market value or its book value, called intrinsic value, which is GraniteShares ETF's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because GraniteShares ETF's market value can be influenced by many factors that don't directly affect GraniteShares ETF's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between GraniteShares ETF's value and its price as these two are different measures arrived at by different means. Investors typically determine if GraniteShares ETF is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GraniteShares ETF's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.